The cheapest freestanding home on the market in NSW is selling from $49,000 — but there’s a catch.
Located in Bourke, in NSW’s northwest, the home is referred to as “cheap as chips” in the online listing.
The average house price in Sydney was $1,595,310 in December last year, according to Domain’s House Price Report.
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The cheap home requires significant renovation.
“This solid bones house has better days but can still be revived to its golden age,” the listing reads.
The three-bedroom home is situated on 1,075sqm of land, but pictures included in the listing show smashed windows and graffiti throughout the house.
Some of the doors appear to have been removed, and the kitchen has extensive damage to its cabinets and counter.
The listing, made by Minus The Agent Sales, identified the property as perfect for renovators.
The home has a concrete foundation and brick walls, and is within walking distance of shops, banks and the post office.
The home is currently under offer, but still listed online.
Regional hidden gems
Similar homes have hit the market recently in other states, including one home in South Australia’s outback on offer for just $50,000.
The Coober Pedy home includes air-conditioning, built in wardrobes and is located near the town’s main street — but it requires major repairs.
Real estate agency, Andrews Property Regional SA, said the previous tenant was paying $180 per week to stay in the home.
The home is situated on a 1000sqm freehold title block that has a smaller two-bedroom building with a toilet, previously used as a hairdressing salon.
“This home provides the next owner an opportunity to add their character, modifications and upgrades to one’s desired comfort level.
“The flooring is dated, stained, and worn through to the concrete in sections. The bathroom is from original build and is in need of a complete new re-build.
“This home needs upgrades in terms of wet areas, climate control, plumbing and electrical plus flooring.”
The SA home is also currently under offer but still listed online.
